100 stocks making waves on the stock exchange, what does VNG say?

At the close of trading on Friday (February 10th), VNZ shares of VNG Corporation continued to hit the ceiling price, setting a new record high of 893,400 VND on the stock exchange. According to regulations, after five consecutive sessions of hitting the ceiling or floor price, the company must provide an explanation. Therefore, VNG Corporation has just submitted a report to the State Securities Commission and the Hanoi Stock Exchange - HNX (VNG is traded on UPCoM under HNX).

VNG stated that the fact that its share price hit the ceiling limit for five consecutive sessions from February 1st to 7th was entirely dependent on the supply and demand of the stock market and the preferences, needs, and assessments of investors. The company did not intervene in or control the price movements of VNZ shares during the same period.

In addition, VNG also affirmed that the company is still operating normally and there have been no changes resulting from the increase in share price.

VNG's stock price reaches new high on the Vietnamese stock exchange.

Following the February 10th trading session, VNG's market capitalization increased to VND 25,672 billion, joining the group of companies with a market capitalization of over USD. The net worth of Mr. Le Hong Minh - co-founder and CEO of VNG - continued to rise to VND 3,150 billion.

Thus, VNZ shares continue to attract attention from stock market investors, having set a new record price in the nearly 23-year history of the Vietnamese stock market.

Before VNZ, there was a period in the stock market known as the "golden age" when the market surged and some stocks exceeded 500,000 VND, but then quickly plummeted. For example, at the end of February 2007,FPT shares reached their highest market price of 665,000 VND and are currently priced at 80,700 VND. The only other stock to surpass 700,000 VND was SJS of Song Da Urban and Industrial Zone Development Investment Joint Stock Company, which reached 728,000 VND in January 2007 after more than a month of continuous growth. After reaching its peak, the company split its shares and the market price adjusted down to 190,000 VND, and SJS is currently priced at 45,650 VND per share...

Source: https://thanhnien.vn/100-co-phieu-lam-mua-lam-gio-tren-san-vng-noi-gi-185230211085804477.htm